MicroMarket Monitor: North American Commercial Airport Full Body Scanner Market Worth $585.9 Million by 2017
(PRWEB) June 05, 2014 -- The development of cutting-edge technology, along with rising security concerns, has revolutionized the full body scanners market. This technology can detect a wide range of threats to air transportation security in a matter of seconds to protect passengers and crew. The implementation of full body scanners at airports is at the preliminary level. Full body scanners are attracting heavy investment among various nations all over the world, in order to ensure that they are proactive in dealing with terrorism and drug-trafficking. The market for full body scanners is mainly driven by attempts from radical groups and their potential terror threats in the aviation industry. There are a large number of potential sub-components and software solution providers who aid the growing number of scanners that have been installed. These systems will be constantly upgraded at airports.
The North American commercial airport full body scanner market was estimated at $146.3 million in 2012, and is expected to reach $585.9 million by 2017. Africa is expected to be fastest-growing region in the commercial airport full body scanners market, at a high CAGR of 31.99%. The U.S. is the only country where 90% of the airports have full body scanners. This is due to strict regulations from the T.S.A in response to some the worst attacks by terror groups against America. In addition, technological innovations in full body scanners are undertaken in Canada. Factors like the increasingly necessary airport security and the rise in the number of passengers drive the growth of this market in North America.
Browse through the market data tables, figures and detailed ToC on the “North American Commercial Airport Full Body Scanner Market” - http://www.micromarketmonitor.com/market/north-america-commercial-airport-full-body-scanners-3181881404.html.
Related Reports
Latin American Commercial Airport Full Body Scanner Market
The Latin American commercial airport full body scanner market under commercial aviation was estimated at $14.4 million in 2014, and it is expected to reach $243.1 million by 2019. Latin America is expected to be the fastest-growing region in the commercial airport full body scanner market, at a CAGR of 76%. The growth in economies to invest in pro-active security systems, and the regulations of the government for the safety and security, will fuel the need of full body scanners over next few years. The major challenge faced by Latin American countries is the low number of airports and passengers travelling by air, which limits the application of the fully body scanners at the airports on large scale.
Asia-Pacific Commercial Airport Full Body Scanners Market
The Asia-Pacific commercial airport full body scanners market was estimated at $73.1 million in 2012, and is expected to reach $437.4 million by 2017. Asia-Pacific is expected to show tremendous growth in the commercial airport full body scanners market at a CAGR of 43.01%. Countries like India and China will show a robust growth during the forecast period.
European Commercial Airport Full Body Scanners Market
The European commercial airport full body scanners market was estimated at $6.8 million in 2012, and is expected to reach $82.6 million by 2017. Europe is expected to grow at a great growth rate of 65.03% for this market. The ban imposed on full body scanning in the European region will prove to be a restraint in the growth of the airport full body scanners market over the next few years. The factors driving the European market is security against the terrorist threats. The economic growth is also expected to fuel installations of full body scanners at airports in Europe.
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